Chinese automaker Geely reportedly has obtained financing for its long-planned purchase of Sweden's Volvo Cars from Ford Motor Co.,

The financing was concluded in recent days and the money is now in Geely's bank account, according to a report from the Swedish financial daily Dagens Industri, which was picked up by worldwide wire services. Geely reportedly will pay about $2 billion for Volvo.

Possibly lengthy approvals from various Chinese, Swedish and U.S. authorities is still required and could mean a few more months before the deal is finished.